Management Change/Compensation (Form 8-K)

Appointment of new CFO

On May 20, 2025, Arvana, Inc. (the "Company") announced the hiring of Andrew E. Morrison, CPA, effective May 20, 2025. Mr. Morrison was appointed, effective immediately, as a member of the board of directors of the Company as well as the Company's Chief Financial Officer and Treasurer. Upon his appointment, Mr. Morrison will serve as the Company's principal financial officer and principal accounting officer.

There is no arrangement or understanding between Mr. Morrison and any other person pursuant to which he was selected as an officer of the Company, and there is no family relationship between Mr. Morrison and any of the Company's other directors or executive officers. Additional information about Mr. Morrison is provided below:

Mr. Morrison is a Certified Public Accountant and holds a Master of Accountancy degree from Brigham Young University. Mr. Morrison previously served as a Senior Manager at the public accounting firm Gibbons & Associates, LLC. Prior to his time at Gibbons & Associates, Mr. Morrison worked at A-Core, Inc. where he was responsible for directing and communicating all aspects of finance, accounting, and treasury operations. Prior to his time at A-Core, Mr. Morrison worked at various public accounting firms in the Greater Salt Lake area.